Healthtech startup HBox.ai has raised USD 700K in seed funding round led by Arali Ventures.
HBox will deploy the funds to increase its market penetration and build out its product stack, it said in a press release.
Founded in 2021, HBox went live with one clinic in March 2021 with its first offering ‘Remote Patient Monitoring-as-a-service.’ Since then, HBox has grown rapidly signing customers in eight US States, resulting in a contracted base of 2,00,000 medicare patients.
In the first year, the startup witnessed a growing CAGR of 30% on a M-o-M basis. This virtual care solution brings a generational shift through which primary care and specialty care providers can continue to provide services to its patient population proactively.
